Thanks for the info. Unfortunately, I do not have SCB account. I have tested & found out that the following banks can do online instant transfer to OCBC: -
i) Affin
ii) PBB
iii) UOB
iv) RHB

The following banks do not support online instant transfer to OCBC: -
i) MBB
ii) CIMB
iii) HLB

Maybank charged me RM5.83 for the cheque from FD maturity. Same charge applies when I withdrew from SA.



I doubt OCBC will extend the the promotional rate for existing account holders. Even if they extend the promo, probably only for new account holders. Take note that if you plan to withdraw in January over the counter, you will get lower interest for 3 days (0.5%) as the bank will only open on 4th Jan. Unless you are able to transfer out the funds online using IBFT. You can take out all the money & just leave back RM20 balance if you do not wish to close the account.


I read earlier from this forum that for Affin FD promo, 80% funds need to be placed for 15-months and 20% funds need to be placed for 1 or 2-months FD. Does that apply only to those who wish to take the 15-months FD promo or does it apply as well to those who wish to take 1-month or 2-months FD promos? If the latter is true as well, then one cannot take the short-term FD promo without taking the long-term 1 as well.

This post has been edited by Nom-el: Dec 13 2015, 04:03 PM

I have OCBC 360 Account. I managed to perform online fund transfer with it but not on the day itself when I opened the account. I managed to do it on the next day. I have another savings account before opening the account. The new account was linked to my existing OCBC Login ID. However, in order to do IBFT, an ATM card is needed. For IBG, no ATM card is needed.


I do not have account with SCB but do they provide RENTAS like other banks? If not, then it is a really lousy bank. No BC, no OTC IBG and also no RENTAS.

RENTAS is faster than IBG but the cost is higher. If you do it before the cut-off time, usually 2pm if I am not mistaken, the transfer is almost instant.

From my own personal experience, banks which offer good services include UOB, OCBC & PBB.
Banks which provide bad services include Maybank, CIMB & Alliance Bank. Maybank is arrogant and opening account there is quite troublesome.

The worst is Alliance Bank. My sister and I went there to open a basic savings account once to take advantage of the online FD promo that was going on at that time. The counter staff had no product knowledge whatsoever and was arrogant. She said no such promo going on and FD cannot be placed online 1. She said there is no such thing as annual fee free basic savings account. She said all accounts also need to pay for the ATM card. Later another staff told her there is such an account

Anyway, we still insisted to open the savings account so we can place the FD online ourselves. They did not want to open the account for us so they make it difficult for us by giving all kinds of lame excuses. Finally, I was rejected and the reason given was because I was not working at that time. I had no problems opening basic savings account in other banks even when I was unemployed. My sister was working so they cannot use that as an excuse to reject her, so they said she needed an introducer to introduce her. What? Introducer to open a basic savings account? It's not a current account or some premier account. It's a basic savings account for crying out loud. So, we left after that and did not bother to open any account with this stupid bank.

That is from my personal experience, your experience may vary as sometimes, it may depend on the branch or staff serving you.

Ipoh side also charge RM0.68 only for FD upliftment through banker's cheque.



1) AmBank TRUE Savers - 2.8% p.a. flat (3-withdrawal limit per month)

2) UOB eAccount - 2.78% p.a. (for balances exceeding RM20K)

3) OCBC SmartSavers - Up to 3.05% p.a. (deposit RM1000 + no withdrawal in a month)
- Only useful when you withdraw early in the following month or subsequent months

4) OCBC 360 - Up to 4.1% p.a. for 1st RM100K monthly average balance (deposit RM500 + 3 online bill payment + credit card spend rm500)
- Deposit min RM500 in a month alone can still get 1.7% p.a. for 1st RM100K monthly average balance (0.5% + 1.2%)

5) HLB Pay & Save - Up to 3.5% p.a. (many terms & conditions to fulfill)
- This is the one of the most complicated account but it is one of the best current account in the market. If you have a large amount & willing to perform the listed number of online transactions & debit card swipes, then the rate is very good. Since it is quite complicated, it is quite difficult to fully optimize the account to get the maximum rate. Even if you do not perform all the listed transactions, you will still get some bonus interest depending on how many transactions you performed in a month.

How did you calculate the interest? Remember this year is a leap year.

How did you arrive at 3.998%? Just curious. This month's interest calculation (mature in Jan 2016, placed in Dec 2015) is more complicated than usual as this year is a leap year.

The interest calculation for FD placed last year and maturing this year should be

Total Interest = (No. of days in 2015)/365 x Rate p.a. + (No. of days in 2016)/366 x Rate p.a.

This applies to monthly interest & half-yearly interest calculation as well.

This post has been edited by Nom-el: Jan 8 2016, 10:08 AM

Is your basic savings account islamic or conventional? I was not able to place eFD using CIMB's islamic basic savings account. I was told that I could not place eFD using islamic savings account. So, I ended up opening another normal conventional savings account that costs me RM15.90 for debit card annual fees as I was not able to open conventional basic savings account. I wanted to link to my existing debit card but was told they cannot link the conventional & islamic accounts together in cimbclicks. So ended up with 2 online accounts.


For the branch I went to last time, the service was surprisingly good. Much faster than CIMB or MBB even when there were many people there. But of course not as efficient as PBB.

Public Bank has finally introduced real E-FD (can do placement & withdrawal online). They have also revised the online max transfer limit to 20K (using PAC) & 50K (using SecureSign token).




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Hong Leong's Islamic FD effective date only starts after the cheque is cleared, right? I presume the money would be sitting in the CASA before the cheque is cleared. Would Hong Leong give interest for the money in CASA before the cheque is cleared (2 days or longer depending on whether there is any holiday or weekend in between)?

In general, if I deposit a cheque into a CASA, would I get interest only after the cheque is cleared or I would get interest from the date I deposit the cheque?

This post has been edited by Nom-el: Jan 28 2016, 06:55 PM